Closed jrissman closed 4 years ago
Once this feature is built, look into adding related policies. For example, a policy could redirect government funding from present uses to certain other uses (e.g. direct government investment in new energy technologies, or something else). Consider other possible investment-centric policies. You could also consider implementing a government green procurement policy, per issue #54.
This feature is complete and ready for internal and external review. An Input-Output (IO) model has been built inside the Energy Policy Simulator and handles macroeconomic impacts and respending. The most difficult parts were linking the direct financial outcomes calculated from the rest of the EPS to the IO model inputs, and using the IO model outputs as feedbacks so that indirect/induced spending influences demand for transportation, building services, and industrial production.
Special thanks are due to the American Council for an Energy-Efficient Economy for providing advice and guidance in constructing this IO model, including allowing me to study the workings of their IO model, DEEPER. Note that the Energy Policy Simulator uses public data from the OECD statistical database - no data from DEEPER are used in the EPS.
This is a substantial upgrade to the economic calculations that will need to be done carefully. I may post more info on the approach later, but some of the main points are:
This is a large and tricky addition that should not be undertaken lightly.